Market watchers said that as Vietnam's commercial hub, Ho Chi Minh City offers a more open market than the political center of Hanoi. See Also.
This figure does not include corporate bonds and companies listed on a secondary market known as the unlisted public company market.
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Located in southern Vietnam, the Ho Chi Minh City exchange has grown into the main market for state-owned enterprises to raise funds and hold initial public offerings.
Meanwhile, the Hanoi bourse focuses on small and midsize enterprises, bonds and derivatives. The new plan might also weigh on the country's effort to privatize state-owned enterprises.
The Ho Chi Minh City exchange plays a far bigger role in raising funds for Vietnam's mostly state-run economy. Tran Van Dung, now the chairman of the State Securities Commission, told Nikkei when he led the Ho Chi Minh bourse two years ago that the merger was very important and would "create a one-stop-shop securities market for investors as Vietnam becomes deeply integrated in the global economy.